Ethos Public Relations Manchester

Spending Review encourages co-operatives

by Ethos public relations

Co-operatives UK has welcomed the recognition given by Chancellor, George Osborne to co-operatives in today’s Comprehensive Spending Review.

Ed Mayo, Secretary General of Co-operatives UK, said: “Amid all the cuts and bad news, we are pleased that George Osborne included direct references to communities running services, owning assets and for public service workers to form co-operatives.

“This shows that the Government is putting its Manifesto commitments to co-operatives into practice.”

The Spending Review also included direct mention of developing a new right for public sector workers to form employee-owned co-operatives and mutuals to take over the services they deliver.

“While this is something we certainly welcome, we need to ensure that the new mutuals are true to their values and principles and come about through bottom up demand by public sector workers themselves,” said Ed.

Posted at 20^th October 2010